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Sep 8, 2012 1:00am PDT
blame it on the shift to tablet computing. >> tom: he's "n.b.r.'s" longest running market monitor guest and he's been in the bull camp for three years. tonight investech's james stack tells us why he's pulling in his horns. >> susie: that and more tonight on "n.b.r."! >> tom: hiring stalled in august. expectations were for robust job growth last month. but, susie, when the numbers were added up, they fell way short. >> susie: tom, today's disappointing jobs report is fueling speculation the federal reserve will have to step in to further stimulate the economy. here's a closer look at the job numbers: businesses added only 96,000 new jobs to payrolls last month: economists were expecting 125,000. meanwhile, the unemployment rate slipped to 8.1%: down from 8.3% in july. >> susie: but, that decline is not what it seems. we have two reports looking at the labor market and the political reaction to today's job numbers. we begin with erika miller in new york. >> reporter: a drop in the unemployment rate is often a good thing. but not this month. an increasing number of job seekers quit
Sep 21, 2012 7:00pm EDT
. they're gone! >> reporter: but for all the hype, apple was still advertising the older 4-s version its store today. the company is also facing backlash against its new map app. the software replaces google maps and websites have already sprung up mocking apple's innacuracies. but that controversy didn't seem to hinder sales today. >> i'm pretty sure an update will clear everything up anyway. it's that simple. >> reporter: by midday, lines at many apple stores were already much shorter. but don't be fooled. this is expected to be the largest consumer electronics debut in history. by some estimates, apple could sell as many as 10 million iphones by monday morning. that would be twice what was sold the opening weekend for the last iphone model, the 4-s. for apple, a lot is riding on this launch. the iphone is its best-selling product. >> the iphone 5 drives approximately 70% of the profitability for apple. so this probably their most critical product launch out of all their product lines. and, to the extent that apple only comes out with a new iphone on an annual basis, clearly, this
Sep 28, 2012 4:30pm PDT
nearly 49 points the nasdaq dropped 20 and the s&p fell six. >> tom: still, a wave of central bank actions across the globe pushed the major stock averages to solid gains in the third quarter. in the past three months, the dow rose more than four percent. the nasdaq and s&p 500 both tacked on about 6% powered higher in part by apple's big run-up. the quarterly rally comes despite september's reputati and strong challges for stocks. suzanne pratt has more. >> reporter: september was supposed bad news for the stock market. after all, that's been true most of the time for several decades. this year, however, the september swoon did not come. instead all of the major averages gained ground in the month. market pros credit aggressive stimulus plans from the federal reserve and other central banks for the sweet performance in stocks. but, some worry trouble is coming. >> the market has had a nice move in the last few weeks, i wouldn't be surprised if we see a little bit more of a sideways or a consolidated market as we enter in the fourth quarter here. >> reporter: that's because there a
Sep 11, 2012 6:30pm PDT
valuable company makes up nearly 5% of the s&p 500 index. thanks to apple's huge gain this year, the s&p is up 14%. on the other hand, the apple-less dow is up only 9%. and don't forget the tech-heavy nasdaq. apple accounts for 13% of the weighting in that index. thanks to the shine in apple shares, the nasdaq is up 19% this year. with apple's outsized influence on the market, a warm welcome for iphone 5 tomorrow might make more than apple shareholders happy. but some market pros say it's a stretch to think apple has kidnapped the stock market. >> i would not argue that, as apple goes, so goes the market. i think there's a lot of other sectors that we're also paying attention to. and granted, we've been overweight the technology sector, but we're also overweight things like materials and the consumer discretionary sectors. >> reporter: still, even wren concedes apple's effect on the market is more than mathematical; it's also emotional. which brings us back to the iphone 5, likely to get a good reception tomorrow from techies. but if history is any guide, investors might sell apple s
Sep 25, 2012 4:30pm PDT
. that's the sixth straight month of gains for the s&p case- shiller home price index. and consumer's are feeling more optimistic. the conference board's confidence index rose to 70.3 in september, marking its highest level since february. these two groups, consumers and housing, are significant because of their influence over the entire economy. >> with the improvement in consumer confidence, we think that consumer spending could pick up as we go into next year. especially since the housing market is showing signs of life and moem prices are starting to firm up. but the encouraging data didn't help stock prices today. instead, comments by central bankers in the u.s. and europe weighed on today's trading. the dow lost 101, the nasdaq shed 43, the s&p is down 15. the head of the philadelphia federal reserve questioned what he called the "meager benefits" of the fed's latest bond buying program. and a european central bank member said his agency would not help restructure greek government debt. also weighing on stocks today, high anxiety about third-quarter earnings. u.s. corporate profits
Sep 24, 2012 7:00pm PDT
rising fees for a.t.m.'s and overdrafts, a new survey shows free checking is anything but. and apple sells five million iphone 5's over the weekend, but some expected more. that and more tonight on "n.b.r."! >> tom: u.s. investors began the week focused again on the global economy. the latest sign of worry: business confidence fell in germany for a fifth straight month in september. the international monetary fund today called on the international community to help finance the bailouts of euro- zone countries. that had u.s. markets following global markets lower. the dow fell 20 points, the nasdaq lost 19 and the s&p was down three. those worries in europe, are part of the reason the international monetary fund is shaving it's outlook for the global economy. the i.m.f.'s managing director says the trend has been clearly heading down. and, as darren gersh reports, she is calling on leaders in europe and the u.s. to change direction. >> reporter: the managing director of the i.m.f. has been described as the world's chief financial fire fighter. and today, christine lagarde urged
Sep 10, 2012 4:30pm PDT
and the s&p 500 dipped nearly nine. we start with suzanne pratt looking at what options remain for the fed, and how investors might react to them. >> reporter: as has been the case frequently this year, all eyes here on wall street, have been looking south about 200 miles, to washington. what trars have been watching is what happens here at the federal reserve. and, this week is no different, more watching and waiting for more stimulus. it is widely anticipated fed policymakers will decide once again to step in and try help the economy. >> we're expecting another round of quantitative easing, q.e.3., they'll probably buy mainly u.s. treasury securities. at the same time, they'll probably extend the language on when they expect to be hiking rates from 2014 to 2015. but, even if the market gets more assistance from the fedn thursday, traders say don't expect a big rally in stocks. >> it is probably factored into the market. but a lot will depend on what form another easing will take. in other words what will be the methodology, how it will impact the bond market. >> reporter: there i
Aug 31, 2012 6:30pm PDT
. the nasdaq added 18 and the s&p rose seven. traders liked what they heard from the bernanke today. >> traders saw some optimism with the last line of bernanke's speech after some positive comments that the e.c.b. might be getting close to buying sovereign bonds. don't worry the fire department is still here. if a fire breaks out, we'll take care of it. so they had that as kind of a reassurance and europe as a beginning. although with a three-day >> susie: so what was the reaction from bankers at that jackson hole conference? i talked with alan blinder, the former vice chairman of the fed and now a professor of economics at princeton and asked if he agreed with the wall street assumption that bernanke gave the go-ahead today for more stimulus for the economy. september 13 that is the next fed meeting for some kind of action, does that make sense to you. >> it does make gives - distance to the election. these days the feds carnlts -- can't keep out of politics but they would like to it's super close to the election. i think if you let it go more we are talking about after t
Sep 26, 2012 7:00pm PDT
ten-quarter low. and roughly a quarter of the c.f.o.'s polled say their biggest worry is the upcoming fiscal cliff: >> some thrding about where things really are going, so they can set strategy and execute that strategy. we're going to be stuck in this for a while. as for the c.e.o. survey from the business roundtable, the chief executives point to the coming fiscal cliff and the potential impact from higher taxes and government spending cuts. chairman of the business roundtable, boeing c.e.o. jim mcnerney said the uncertainty is "cold water on long-term planing." >> reporter: i'm erika miller in new york. still ahead, i'll look at how the outcome of the presidential election could impact gold prices. i'll interview gold trader anthony neglia. >> tom: european markets tumbled as greek workers called a 24 hour strike to protest new austerity measures. over 50,000 people gathered to protest new salary and pension cuts, near the parliament building in athens, and some of the protests erupted into violence. on wall street: the dow fell 44 points, the nasdaq lost 24, and the s&p d
Sep 12, 2012 7:00pm PDT
., the dow and nasdaq rose about ten points, and the s&p added three points. >> tom: american defense contractors may have a huge new competitor soon, the parent company of airbus and bae systems are in late stage merger talks. it would great the worlds biggest aerospace and defense company. more on this with larry korb, a senior fellow at the center for american progress with us from our washington d.c. bureau. larry, how could this reshape the global defense contracting business, if this deal progresses? >> well, what it would mean that it will be a major competitor, it will be very similar to boeing when they bought mcdonald douglas. i think it will be good for the u.s. and for the world global market, because it will put in a new competitor who can do things, for example, like i think if the merger had occurred we might have gotten a lower price on the tanker that we're doing. >> tom: so this comes at a time when defense spending is under a lot of pressure when it comes to the fiscal cliff and boeing and lockheed martin and others have looked globally for their growth. what could
Sep 19, 2012 4:30pm PDT
gains made in the housing recovery. the dow rose 13 points, the nasdaq added nearly five, the s&p up one-and-a-half. >> susie: this week we're taking a closer look at our national debt and what it means for our economy and our national security. former senator sam nunn is one of the nation's most thoughtful voices on defense policy. now he is speaking out on the connection between how we fund our government and how we protect our nation. washingtonureau chiedarren gersh spoke with nunn and began by asking why debt is becoming a matter of national security. >> the debt problem, the deficit problem, we're borrowing so much from abroad and the fact that we are already operating in a fragile global economy, all those things combined mean that our national security is very much affected. for one thing you hope to get out in front and prevent wars, and that usually requires some form of development aid, it requires vigorous diplomacy, it requires a lot of things in many cases requires expenditures to shape the environment and prevent war. >> do you see signs right now that we don't have th
Sep 14, 2012 6:30pm PDT
s&p up nearly six. the major averages gained ground for the second week in a row. the dow in with the biggest weekly pop, up over 2%. back to that big change for the dow 30, kraft is out and united healthcare is in, reflecting the growing role of healthcare in the economy. it's the first change to the industrial average's roster in three years. today's move comes as kraft prepares to split its business into two parts. the global snack maker is spinning off its north american grocery brands into a separate publicly traded company. >> we had to do something about kraft. we didn't feel that the two pieces or either piece would be appropriate for the dow jones industrials going forward, so we decided to take the opportunity to make the change. >> susie: united healthcare is the first health insurer in the dow. the change reflects the increasing importance of healthcare spending in the u.s. economy. it now accounts for almost 8% of g.d.p. >> healthcare insurance is a big part of the economy, the financial market, and it's a big factor for an awful lot of americans, as well as healthcar
Sep 20, 2012 6:30pm EDT
when it releases its report next month. the i.m.f.'s currently forecast calls for growth of 3.5% this year, and 3.9% next. erika miller reports. >> reporter: global economic growth appears to be hitting a wall. a "bric" wall that is. there's growing evidence that economic growth is slowing in virtually every part of the globe, even the world's fastest growing economies. the term "bric" was coined a decade ago to refer to brazil, russia, india and china. but if you were to rank the countries by economic importance, the order would be reversed. >> china's been the engine of global growth a very, very long time. and, now because of its deceleration, it's becoming the drag on global growth, if you will. and that's part of the maturation process. >> reporter: but, for now, at least, it doesn't look like the chinese economy is headed for a hard landing. in 2010, china's growth was over 10%. last year it was 9.2%. this year, the i.m.f. expects it to fall to 8%. but that's still a lot better than what's expected in the u.s. next year. >> i'm predicting 2% to 2.5% g.d.p. growth, nothing
Sep 6, 2012 7:00pm EDT
boosts stocks around the globe, and here at home, where the s&p 500 stock index jumps to pre-crisis levels. how are investors feeling today, compared to four years ago? >> susie: and amazon introduces a new kindle fire, and the new paperwhite e-reader. we look at how its new models stack up. >> tom: that and more tonight on nbr! >> susie: u.s. stocks rallied to their highest levels in four years after europe's central bank announced a sweeping plan to solve the region's debt crisis. five weeks after pledging to do "whatever it takes" to preserve the euro, e.c.b. president mario draghi delivered on his promise by launching a program to buy unlimited quantities of euro- zone bonds. investors around the globe reacted to the concrete move with broad-based buying of stocks. on wall street, all the major averages rose by about 2%-- the dow skyrocketed 245 points, the nasdaq surged 66, and the s&p 500 jumped almost 29 points. mario draghi is finally getting his way. the head of europe's central bank has been battling the region's power players on exactly how to save europe. draghi's plan f
Sep 18, 2012 7:00pm PDT
, the dow rose a bit, up 11 points. but the nasdaq and s&p were down fractionally. >> tom: oil prices continued sliding today, following yesterday's late-day price drop. market regulators are looking at that price plunge, down more than $3 per barrel in the final 40 minutes of monday's trading session. traders said the move was exacerbated by light trading volume thanks to the jewish new year. today, october crude futures fell $1.33 to settle at $95.39 per barrel. meanwhile, the white house continues saying all options are on the table when it comes to dealing with rising energy prices, but there are no plans right now to release oil from the nation's strategic petroleum reserve. >> susie: gasoline prices are still hovering near $4 a gallon, but ford motor says that's not holding back consumers from buying new fuel-efficient cars. ford c.e.o. alan mulally is counting on big sales from the new 2013 fusion. he unveiled the hybrid version today with ryan seacrest in new york's times square. when i talked with mulally later in a manhattan ford dealership, i asked him how important the new
Sep 13, 2012 4:30pm PDT
points, the nasadaq rose 41.5, and the s&p ded points. fed chairman ben bernanke described today's move as "a main street policy." darren gersh reports. >> if you are unemployed or worried about keeping your job, the federal reserve today had a clear message for you-- "we're here to help." federal reserve chairman ben bernanke explained the central bank's decision to take the aggressive and innovative step of launching an open-ended program to buy up mortgage securities. the idea bernanke said is to bring down interest rates on mortgages and other loans even further in a bid to shake the economy out of its rut, and make sure high long-term unemployment does not become a permanent feature of the american economy. >> this is a main street policy, because what we're about here is trying to get jobs going. we're trying to create more employment, we're trying to meet our maximum employment mandate, so that's the objective. >> reporter: bernanke and his colleagues may have been slow to get here, but supporters of a bold approach say the fed did what was needed. >> the fed, normally, it's
Sep 17, 2012 6:30pm EDT
the s&p off four-and- a-half points. until now, stocks had been powered higher on hopes of the federal reserve taking action to stimulate the economy. with that done, what's likely to drive the markets going forward? ruben ramirez reports. >> reporter: when the federal reserve announced last week it will open its pocketbook, investors piled into everything from stocks to gold. but with a weekend to think about the potential impact of the fed's actions, investors had new questions. >> the real question facing investors is will this liquidity morph into a growth rally. will the central bank action actually translate into better economic data, better earnings data. >> reporter: s&p expects third quarter earnings to be down about 2% from the same period last year. >> the third quarter is widely expected to be pretty soft. it's the fourth quarter and next year where things are widely expected to accelerate and that's why guidance is going to be so important. >> reporter: beyond earnings, young says wall street is focused on the u.s. presidential election. >> the markets are pricing in an ob
Search Results 0 to 49 of about 100 (some duplicates have been removed)